Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    194 Lee St Warrenton, VA 20186-3657

    • Industrial properties
    • 12,080 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimations
    $1,770,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1279579
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Leeds Square Condominium Association / Condominium Complex
    • Alls And Company Real Estate / Real Estate Agency

    Property Details for 194 Lee St

    Year built
    1929
    Lot size
    0.85 lot acres
    Property size
    12,080 SF
    Zone code
    RESIDENTIAL/MULTIFAMILY
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    6984-52-1254
    APU
    6984521254

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Warrenton
    County
    Fauquier
    State
    Virginia
    Longitude
    -77.7913
    Latitude
    38.7096
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,515
    $500,000
    $933,200
    $1,433,200
    -
    $500,000
    $933,200
    $1,433,200

    Comparable in this City

    • Value Estimation
      $5,720,000
      42,419 SF

      614 Hastings Ln

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 42,419 SF
      614 Hastings Ln, Warrenton, VA 20186-2110
      View Details
    • Value Estimation
      $705,000
      2,920 SF

      689 Industrial Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,920 SF
      689 Industrial Rd, Warrenton, VA 20186-3827
      View Details
    • Value Estimation
      $31,040,000
      167,332 SF

      251 Lee Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 167,332 SF
      251 Lee Hwy, Warrenton, VA 20186-2093
      View Details
    • Value Estimation by Request
      1,850 SF

      5 Diagonal St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,850 SF
      5 Diagonal St, Warrenton, VA 20186-2821
      View Details
    • Value Estimation
      $1,460,000
      8,400 SF

      85 Lee Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,400 SF
      85 Lee Hwy, Warrenton, VA 20186-2149
      View Details
    • Value Estimation
      $1,105,000
      6,820 SF

      35 4th St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 6,820 SF
      35 4th St, Warrenton, VA 20186-3307
      View Details

    Similar Nearby for Sale

    • $8,746,740
      20.09 Acres

      Prime Warrenton Land Development

      20+ acres, mixed-use potential, high visibility.
      0 Walker Dr, Warrenton, VA 20186
      View Details
    • $1,500,000
      1,800 SF

      Warrenton Industrial Property - 4.6 Acres

      1800 sq ft building, 4.6 acres, I1 zoning.
      1431 Welding Ln, Warrenton, VA 20186
      View Details
    • New
      $850,000
      2.60 Acres

      Warrenton Mixed-Use Redevelopment Opportunity

      2.6 acres zoned C-2 with two residential units.
      7183 Opal Rd, Warrenton, VA 20186
      View Details
    • $999,900
      2,400 SF

      Warrenton Mixed-Use Commercial Property

      3-Acre Lot, C2 Zoned, Great Location
      7198 Opal Rd, Warrenton, VA 20186
      View Details
    • $899,500

      Warrenton Commercial Industrial Lot

      4.6 acre commercial lot with metal building for sale.
      1431 Welding Ln, Warrenton, VA 20186
      View Details
    • Contact for pricing

      Warrenton Office Space for Lease

      Prime Retail Space, Old Town Warrenton
      32 Waterloo St, Warrenton, VA 20186
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Versatile Warehouse/Office Unit For Lease

      1,850 SF warehouse/office unit with private offices and amenities.
      50 Sullivan St, Warrenton, VA 20186
      View Details
    • Contact for pricing

      Warrenton Retail Ground Lease Opportunity

      Ground lease in Warrenton retail area with strong tenant mix.
      530 Blackwell Rd, Warrenton, VA 20186
      View Details
    • $1,375 /Mo

      Warrenton Office/Retail Space Available

      Office and retail space for rent in Warrenton.
      578 Waterloo Rd, Warrenton, VA 20186
      View Details
    • $9 SF/Yr

      Prime Warrenton Retail Ground Lease

      Nearly 100,000 SF ground lease opportunity in Warrenton, VA.
      1 Industrial Rd, Warrenton, VA 20186
      View Details
    • $16 SF/Yr

      Office Space Available For Lease

      Top floor office space available for lease.
      410 Rosedale Ct, Warrenton, VA 20186
      View Details
    • $2,000 /Mo
      1,880 SF

      Historic Office Space For Rent

      1,880 sq ft office suite in historic Masonic Hall Building.
      7-11 Culpeper St, Warrenton, VA 20186
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    194 Lee St
    Warrenton, VA 20186-3657
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.